BusinessWeek Mindanao (October 10, 2016)

BusinessWeek MINDANAO CREDIBLE

Volume VII, No. 055

Market Indicators

As of 6:35 pm october 8, 2016 (saturday)

FOREX

PHISIX

US$1 = P48.237

7,578.29

X Briefly

11.9

41.87

cents

points

X

Mentor Me

DAVAO City -- More than 500 micro, small and medium entrepreneurs (MSMEs) and Go Negosyo entrepreneurs from all over the country gathered here Friday for the launch of the Mentor Me Program of the Department of Trade and Industry (DTI) that was graced by President Rodrigo Duterte.

“Mr. President, allow us to call you Kuya Rody, our champion and big brother,” said Joey Concepcion, the Presidential Adviser for Entrepreneurship, who together with Trade Secretary Ramon Lopez, led the launch of the program at the Marco Polo Hotel.

Noting that the country’s biggest problem is poverty, Concepcion asked President Duterte to help the MSMEs in the Philippines move up from survival to sustainable state.

Green spaces DAVAO City -- The Davao Coastline and Port Development Project will have green spaces for aesthetics and sustenance/livelihood purposes of its residents.

Architect Manolo Noche, chief executive officer of Arconic, planners of the P39billion port city coastline said they are now in the process of structural and people tagging. These will also identify tracts of land for parks, strip landscaping and sidewalk development.

Aside from parks, green spaces will be allotted for food production of the residents. “It will not just be for aesthetic purposes.” Noche said of the green spaces.

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Inter-reg’l approach to development pushed www.businessweekmindanao.com

Monday | October 10, 2016

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By MARK D. FRANCISCO, Staff Writer

HE Mindanao Development Authority is pushing for an inter-regional approach to development island-wide.

In his message delivered during the opening of the 3-day Oro Best Expo 2016 here last Friday, MinDA Secretary Abul Khayr D. Alonto said that the agency’s new program known as Mindanao Development Corridors aims to transcend

beyond regional boundaries in terms of commodity transfer which will make Mindanao regions more commercially viable. “ We w i l l p r i o r i t i z e connectivity projects that have interregional coverage,” approach/PAGE 11

ORO BEST. Ayala Centrio shoppers take a look at some of the goods on display during Oro Best 2016, a yearly exhibit of the best SME products from Northern Mindanao organized by the Oro Chamber last October 7 to 9. PHOTO BY MARK FRANCISCO

DOE eyes total electrification with key focus in Mindanao DEPARTMENT of Energy Secretar y Alfonso G. Cusi said Friday that the government is eyeing 100

percent electrification of the country to realize inclusive development, with key focus in Mindanao.

“89.6 percent of the country has been electrified, but the remaining areas, DOE/PAGE 11

China plans to lift import ban on PHL bananas, pineapples Energy efficiency in gov’t

makes about P3B savings

By LESLIE D. VENZON, PNA

THE Department of Agriculture (DA) expects China’s plan to increase the volume of fruit, fish and fishery product imports from the Philippines to boost the country’s agriculture sector.

This, after the Chinese government has announced that it would lift the suspension imposed on Filipino companies exporting bananas and pineapples to the country. ban/PAGE 11

NEW HARVESTS. Farmers hauls sacks of rice along a national highway in Ampatuan, Maguindanao, their first harvest after the El Nino phenomenon. MindaNews News Photo

Ban lifted.

D AVA O C i t y - - T h e Government Energy Management Program (GEMP) generated substantial amount of savings in electricity and in fuel expenses but there remains a need to sustain energy efficiency and conservation to prevent the plague of

brownouts from recurring.

In his message during the Seminar on Government Energy Management Program in Davao City, Department of Energy Undersecretary Benito L. Ranque revealed that GEMP generated P2.41 billion savings in electricity energy/PAGE 11

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DOE calls local households to observe energy efficiency

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AVAO City -- A top official of the Department of Energy urged barangay officials of Davao City to use energy efficiently in order to save money for p e r s on a l u s e a n d eventually to save revenue for the country.

Undersecretary Benito Ranque of the DOE said it is incumbent for every member of the household to observe energy c ons e r v at i on m e a s u re s in the use of electricity ranging from the use of electrical light, home appliances to charging of cellular phones and laptop computers.

He s a i d t h e u s e o f el e c t r i c it y has brou g ht convenience to the households in the same manner that cars can move

b e c au s e of m e c h an i c a l energy caused by its fuel.

“Energy has brought not only convenience but also happiness,” Ranque said.

He said the call nowadays is for everyone to do energy conservation.

Ranque said ever y h o u s e h o l d mu s t a d o p t doing more with less energy consumption.

“Energ y efficiency is doing more with less energy consumption,” he said.

Ranque said with energy efficiency, the household can save mone y, and it is also beneficial for the environment since less use of electricity and fuel leads to reduced carbon emission in the atmosphere.

He said energy efficiency can also ensure energ y s ec urity for the

country.

“We have to learn to do our chores with less use of electricity, where we accomplish a lot but create m ore s av i ng s ,” R anqu e said.

Several energy experts from the DOE and the Davao Light and Power Company s h are d t h e i r i nput s on

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DOE to her constituents.

She said the enercon tips are very useful especially in the us e of elec tr ical appliances.

Barangay officials from 182 barangays attended the first leg of the Power Patrol Seminar on Energy Efficiency and C onser vation for

households organized by the Department of Energy in cooperation with the City Government of Davao, Davao Light and Power Company and the Philippine Infor mation Agency XI at the Davao City Recreation Center in October 4. (PIA 11-Joey Sem G. Dalumpines)

Lawmaker gives Duterte a ‘9’ rating A CAGAYAN de Oro City lawmaker rated the first 100 days of President Rodrigo Duterte’s administration a “9” on a scale of 1-10.

Rep. Maximo Rodriguez of Cagayan De Oro City said that the country saw the decline of crime volume f or t h e w h o l e c ou nt r y during the first 100 days of Mr. Duterte in office.

RPN Radyo Ronda Stations Nationwide

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energ y conser vation, understanding the electric bill and knowing how to read the electric meter, respectively to the participants.

Me l b a Vi l l a nu e v a , barangay councilwoman of Barangay Buhangin felt the excitement of passing the information from the

DZBS 1368 Baguio DZRL 639 Batac DZTG 621 Tuguegarao DZKI 1332 Iriga DYKW 936 Binalbagan DYKB 1404 Bacolod DYKC 675 Cebu DXKO 1368 Cagayan de Oro DXKS 1080 Surigao DXKD 1053 Dipolog DXKP 1377 Pagadian DXXX 1008 Zamboanga DXKT 1071 Davao DXDX 693 General Santos

He s a i d t h at i l l e g a l drug activities have also been reduced and the Filipinos were provided t he t r ue pic ture of t he drug trafficking and crime situation.

R o d r i g u e z s ai d t h at Pre s i d e nt D ute r te a l s o signed the Executive Order on Freedom of Information (FOI), which significantly

reduced corruption in the government ser vice and regained the confidence of the business sector.

According to Rodriguez, the first 100 days of President Duterte in of f i c e a l s o re s u lt e d i n increased tax collection, an important element of the government’s program to ameliorate the social

status of the poor. “ Wi t h t h e i n c r e a s e confidence in the government, it is expected that the next 100 days of Duterte’s administration would provide a brighter f utu re for t h e c ou nt r y and the improvement of the living standard of the Filipino people,” Rodriguez said. (PNA)

A SMAC Solid Models Association in Cagayan De Oro City member confidently smiles and struts in a Gil Macaibay III during the SMAC showcase last Monday (October 3, 2016) at Centrio Mall. PHOTO BY Mark Francisco

CAGAYAN DE ORO MAIN BRANCH P & J Lim Bldg., Tiano Brothers Kalambagohan Sts., Tel. # (08822) 727-829 * Telefax # (088) 856-1947 CAMIGUIN BRANCH B. Aranas St., Poblacion, Mambajao, Camiguin Tel. # (088) 387-0491 CORRALES BRANCH Corrales Ave., Cagayan de Oro City DIVISORIA BRANCH Atty. Erasmo B. Damasing Bldg., #61 Don A. Velez St., Cagayan de Oro City Tel. # (088) 857-3631 LAPASAN BRANCH Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739 CARMEN BRANCH Vamenta Blvd., Cagayan de Oro City Tel. # (088) 231-2011

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Opinion

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Tetangco’s “colorful” language

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Among those in the collection are the works of Filipino Masters Juan Luna, Felix Resurreccion Hidalgo and Simon Flores as well as National Artists Fernando Amorsolo, Carlos “Botong” Francisco , Gui l ler mo Tolent ino, Napoleon Abueva , Victorio Edades , Vicente Manansala , Cesar Legaspi, Hernando R. Ocampo, Arturo Luz, J. Elizalde Navarro , Ang Kiukok, Jose Joya, Benedicto Cabrera , Abdulmari Imao and Federico Aguilar Alcuaz But why start an art collection at all? The Central Bank/BSP governors thought, - and art curator Ramon E.S. Lerma agrees - that “preserving the Philippines’ cultural patrimony is just as important as tending to its financial well being.”

The value of the collection is now cons er vat ively estimated at a few billion pesos, more than 12 times the original acquisition cost.

Even from a purely financial point of view, it was certainly not a bad investment at all.

What is inclusive growth?

The “ in” buzz word nowadays is “ inclusive growth”. So nice to hear, but what does that exactly mean to the ordinary Juan and Maria?

Finance Secretary Carlos Dominguez III, one of the co-captains in the Duterte economic team, explains it in this manner.

In his recent message to the Financial Executives of the Philippines (FINEX),

Dominguez said: “The Philippines is at a critical juncture. The next six years can either continue along a path of high economic growth but high socio-economic inequality, or chart a different path towards shared prosperity that will uplift all.

“We envision a country where the poverty rate is brought down from 26 % to 17%, uplifting 10 million Fillipinos out of poverty through investments that create meaningful jobs and an economic strategy that lifts lagging regions into the mainstream. (Federalism?)

“With the Philippines experiencing its strongest economic growth in more than 60 years, we must all do our part to ensure that the entire population shares in that growth”.

Very well said, Secretary Sonny D. Now we now know WHAT direction the Duterte administration is headed.

But we also want to know HOW it will go about it.

PNP romance blossoms You nor mally s e e it only in a John Lloyd Cruz movie. But the scene was really happening and on live nationwide TV at that . The scene even went viral on You Tube.

The scenario: President Duterte had just finished his speech last Thurday at the police headquarters in Camp Rafael Rodriguez in Butuan City.

As he was about to leave the stage, a love-struck Police

SPEAKING

O ut

Ignacio Bunye S enior Inspector Ar vin Jumillo asked the President for three minutes “sa ngalan ng pag-ibig”.

Ar vin then bared his heart out to the President’s aide-de-camp, Police Senior Inspector Romea Ainieza Kinang, his sweeheart for more than 5 years. He promised to devote his lifetime making up for his past shortcomings if only she will marry him.

As this was happening, the song “I Won’t Give Up”

by Jason Mraz played in the background.

How could Romea refuse?

She extended her hand when Arvin knelt on one knee and offered her their engagement ring.

I could have sworn that everyone onstage was kilig na kilig. And for three solid minutes, there was a total absence of presidential expletives in the air.

Note: You may email us at totingbunye2000@gmail. com. You may also “like” us on Facebook at “Speaking Out”.

Filipinos as today’s beasts

The Magic is in the Mix Think a minute…A little boy named Mike was watching his mother bake a cake.

She put all the ingredients on the table: flour, butter, sugar, baking powder, eggs, and vanilla. Then when his mother wasn’t looking, little Mike sneaked a taste of each ingredient. But they all tasted bad just by themselves! Then he watched his mother mix all the ingredients together, pour them into a pan and then into the oven to bake.

That night after Mike had enjoyed 2 big pieces of the cake, he said: “Wow! How can mixing all those BAD tasting things make such a GOOD cake?” His mother smiled and answered: “Son, the magic is in the mix!”

You see, sometimes bad things happen to us; and that thing by itself can be terrible and painful. We might get discouraged and lose hope because we think it’s hurt or ruined our plans for a good life. Maybe you didn’t get that job you really wanted; or your daughter dropped out of school because she became pregnant. It could be that someone in your family suddenly became very sick.

Natura l ly w hen b ad things like this happen to us, it’s very hard for us to imagine that anything good

If President Obama considers President Duterte’s language “colorful”, the former should listen to Bangko Sentral G ov e r n or A m a n d o M .

Tetangco, Jr. In a recent speech before the Rotary Club of Makati West, Tet angco us e d “colorful” language, but in a different sort of way. Using HR Ocampo’s painting as his model, Tetangco described the state of the Philippine economy in these terms.

“Just like the strong brown and red base of the painting (HR Ocampo’s), our resilient economy is the foundation for a solid macroeconomic outlook going forward but there are risks on the horizon that threaten to break that solid base, just like the bright oranges break the levelness of the dark browns.”

Translation: Our economy is ‘OK”, even doing better than our peers. But we should always be on guard against internal and external risks and ever prepared to take appropriate action to keep our economy strong.

Definitely, Tetangco’s colorful insight is influenced by his daily exposure to the huge art collection of the Bangko Sentral - which was started by then Central Bank Governor Jaime C. Laya.

Over the years, subsequent BSP governors acquired more art work so that, at this time, BSP’s collection rivals that of any museum of national standing.

THINK

A Minute

Jhan Tiafau Hurst can possibly come out of it.

We might continue to blame ourselves or others for causing these bad things to happen.

For example, we might keep making our pregnant daughter feel that she’s a failure and loser because that mistake she made has now ruined her life. But friend, if a person is a failure just because they failed, then we’re all failures! We’ve all failed at one time or another. That’s exactly why Jesus Christ came: to forgive and free us from all our past failures and wrongs so we can have a fresh start. But this time we will have His strength and character living in us.

So why not make today the first day of your new life?

Sincerely ask Jesus to forgive you for your past wrongs, and hurst/PAGE 11

LIFE’S INSPIRATIONS: “… So, as the Holy Spirit says: `Today, if you hear his voice, do not harden your hearts’…” (Hebrews 3:7-8, the Holy Bible).

-ooo T O D AY ’ S N E W S CONFIRM PROPHECIES OF THE BIBLE: Reading the news stories on a lazy Saturday morning, October 08, 2016, gave me a sneaky feeling that the world today is indeed already living out the prophecies contained in the Bible of Christian believers. I refer particularly to the prophecy found in 2 Timothy 3:1-5.

This prophecy says: “But mark this: There will be terrible times in the last days. People will be lovers of themselves, lovers of money, boastful, proud, abusive, disobedient to their parents, ungrateful, unholy, without love, unforgiving, slanderous, without selfcontrol, brutal…

It also states: “(People will) not (be) lovers of the good, treacherous, rash, conceited, lovers of pleasure rather than lovers of God--having a form of godliness but denying its power. Have nothing to do with such

people…”

-ooo F I L I P I N O S AS CRIMINALS, RAPISTS:These are some of the news stories that I read: Seventy-nine year old Anselmo Espiritu of Sitio Mestiza, Bgy. San Agustin, Hagonoy, Bulacan, was literally butchered as soon as he arrived in his house on Friday, October 07, 2016.

The three men who cut him to pieces with knives killed him so they could rob him of his money and valuables.

Police investigators claim that the three---Armando “Omar Arellano, 28, Ryan “Bula” Alvarez, 23, and Melnard Garcia, 29---were all high on drugs when they committed the crime. They are now in jail, awaiting trial, or, perhaps, execution if they try to escape or grab the firearms of police officers.

The second story pertains to Rolando “Lando” Barcia, w ho is b e i ng su e d for having raped his 12-year old stepdaughter (daughter of his wife by another man), a grade three pupil in Bgy. San Francisco, General Trias, Cavite. Barcia is now in hiding and is being chased by investigators.

The girl-victim claimed Barcia molested her while her mother was away.

-ooo FILIPINOS AS TODAY’S BEASTS: Again, my question is: what made many Filipinos the beasts that they are today, robbing and killing so they could have a little money to feed their families, and sexually molesting even their own relatives by blood or by affinity? In fact, what made many politicians the plunderers that they are today, stealing millions of gove r n me nt mone y, and fe arlessly a lig ning themselves with drug lords and criminal syndicates?

Well, the Bible said this sad state of affairs will come because of only one reason: many no longer fear and love God because they are no longer listening to, nor obeying, His commands and are instead abandoning the faith, following deceiving spirits and things taught by the demons (see 1 Timothy 4:1).

On account of this, many will go to hell and eternally be burned and eaten by worms. To our readers here, will we allow this to happen to us and to our children

K akampi

Mo A ng Batas

Atty. Batas Mauricio (read Exodus 20:5)? As you read this, God is telling all of us that as the end of the world is nearing, we still have a chance to go back to Him. Read and study His Bible, and carefully obey all that is written in it.

-ooo PLEASE LISTEN: “Ang Tanging Daan” (The Sole Way): a Bible study and prayer session online could now be heard, 24 H O U R S a d ay, i n t h e Philippines and the world at w w w. f a c e b o o k . c om / angtangingdaan or www. facebook.com/ANDKNK (and look for “Ang Tanging Daan” broadcasts). Phone: 0922 833 43 96, 0918 574 0193, 0977 805 9058. Email: batasmauricio@yahoo.com.

V I S I T OU R WE B PO R TAL

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CorporateWorld

Coca-Cola FEMSA bullish on PHL but sees challenges

C

OCA-COLA FEMSA Philippines, Inc. is having a “good” year as the national elections coincided with warm weather that encouraged people to drink more soda, but next year could prove to be a challenge, according to its top official. “[2016 is] a very good year because of the weather,” Fabricio Ponce, the company’s chief executive officer, said on Wednesday, as he gave journalists a tour of CocaCola FEMSA’s Canlubang plant. “We were blessed.”

For instance, recent typhoons skirted the Philippines, hitting China and Japan instead. The current stretch of fair and warm weather also prompted people to turn to soda to cool off.

“Another (factor) is presidential elections in the Philippines. We have analyzed the information in the past 15 years -- a presidential election is always a good year in terms of economic growth,” Mr. Ponce said.

He declined to disclose sales and other financial figures as the company’s parent firm, which is listed outside the Philippines, is on a “quiet” period ahead of the announcement of its third-quarter results.

Me x i c o’s C o c a - C ol a FEMSA S.A. de C.V. entered the country in 2013 when it acquired 51% of Coca-Cola Bottlers Philippines, Inc. from US multinational The Coca-Cola Co. From 2013 up to the first half of this year, Coca-Cola FEMSA’s investments in the Philippines have reached P97 billion.

“We are here for the long term,” Mr. Ponce said of the investment, which the company previously disclosed at around $800 million from this year until 2020.

He expects the company’s local exposure to be “sustained” beyond the fiveyear period. He said CocaCola FEMSA’s “sparkling” brands -- carbonated drinks such as Coca-Cola, Coke Zero, Coke Light and Sprite -- as well as water brands

Viva Mineral, Wilkins Pure and Wilkins Distilled were doing well along with the economy’s robust growth.

Mr. Ponce, an Ecuadorean whose last stint before the Philippines was in Colombia, said the Canlubang facility has 10 production lines, whose output is 60% sparkling drinks and 40% water. The plant has the fastest bottling line in the world, capable of producing 81,000 bottles per hour, he said.

“The challenge is going to be next year because after El Niño comes La Niña. I hope that does not happen,” he said.

He also said the company was looking at how jobs for overseas Filipino workers in the Middle East would fare as these could have an impact on the money they send home. The depreciation of the currency could also hit the cost of materials sourced from abroad.

Still, Mr. Ponce said the Philippine unit was on its way to becoming the largest franchise bottler of Coca-Cola

products in the world. He said the company is committed to building a strong business in the country.

The company currently operates 19 plants and 54 sales offices across the country. It employs around 10,000 people.

C o c a - C ol a F E M S A’s Canlubang plant is a strategic facility for the company’s expansion as it serves the beverage requirements of nearly 35,000 establishments, not just in the nearby areas of Laguna, but even as far as Mindoro and Palawan. About 20-30% of national demand is met by the Canlubang plant.

Aside from direct employment, the company has also supported microbusinesses such as eateries and sari-sari stores, some of which started with two free cases of Coca-Cola products and an ice bucket.

“Our business is not just about manufacturing beverages. Our business is intertwined with the lives of millions of Filipinos,” Mr. Ponce said.

Roll over unused data for free on your Globe myLifestyle plan THE availability of more online content has led to increased mobile data usage.

People look to more ways to maximize their connected e x p e r i e n c e an d G l o b e Postpaid finally introduces its latest innovations with the ability to roll over unused mobile data or share it with other users or devices.

A first in the Philippines, the amped up Globe myLifestyle plans with Data Rollover allows unused MBs to be carried over to the next month. This way, no MBs

are wasted and customers get the most out of their mobile connectivity. Data Sharing on the other hand strengthens Globe Postpaid’s differentiated customer experience by providing hassle-free connectivity especially with multiple devices, eliminating the need for WiFi or hotspots.

“Giving the best digital experience remains our top priority. This means putting in place convenient features like rollover and sharing so that they have the chance to

better use their data whether it is adding it to the next month or sharing it. Either way, our customers get a more immersive and enriched digital lifestyle experience,” says Globe Senior Advisor for Consumer Business, Dan Horan.

Using Data Rollover Data Rollover is simply carrying over your unused MBs to the following month.

With this, the validity of unused GoSURF MBs are extended for another month.

As an example, if you used

2 GB of your 3 GB data allowance this month, the 1 GB left-over will be added to the following month’s data allocation. The service is available for all Globe myLifestyle plan customers free of charge. All one has to do is to register once to any GoSURF with Rollover variant, and the subscriber can begin enjoying the Rollover feature monthly. Rolled over data is consumed first before the current month’s actual allocation. globe/PAGE 11

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Miami Inn 8581901 to 02 Fax: 725279/728486 N Hotel (088) 8801924 Paras Beach Resort 8568563 Fax: 8568563 Department of Labor and Employment - region 10 (DOLE-10), through its Misamis Occidental Provincial Field Office (MOPFO) releases P270,000 as livelihood assistance to the 27 beneficiaries of the Carangan Men’s Association under the DOLE Kabuhayan program on 30 September 2016 at the Carangan Brgy. Hall, Ozamiz City. (DOLE 10)

Seda Centrio Hotel 32288888

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Monday | October 10, 2016

Oro Best Expo 2016 Opening Highlights

6

OROBEST Expo partners from DTI province, Department of Tourism 10, province of Misamis Oriental and Department of Science and Technology 10 with OROBEST Chairman Anna Marrie J. Medes and VP for BSO Dr. Irene L. Floro gracing the opening of the 9th OROBEST Expo

The dignitaries and chamber representatives pulled 8 ribbons in preparation f or the balloon drop

A general view of the exhibitors of the 9th OROBEST Expo

Cagayan de Oro City Mayor Oscar S. Moreno delivered his message of support for the 9th Oro Best Expo. He highlighted the importance and contributions of the business community to Cagayan de Oro City’s development.

The dignitaries and oro chamber board of directors lining up for the photo op Liceo folkloric dance troupe performed the Bukidnon dance called “palaspas”

Banking&Finance WB says PHL expected to accelerate to 6.4%

7

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monday|october 10, 2016

R

EPORTS reaching Manila indicated that a world bank report sees growth in developing E ast Asia and Pacif i c expected to remain resilient over the next three years.

According to the newly released East Asia and Pacific Economic Update, among other large economies, prospects are strongest in the Philippines, where growth is expected to accelerate to 6.4 percent this year, and Vietnam, where growth this year will be dented by the severe drought, but will recover to 6.3% in 2017.

“The outlook for developing East Asia and Pacific remains positive, with weakness in global growth and external demand offset by robust domestic consumption and investment,” said Victoria Kwakwa, World Bank Vice President for East Asia and Pacific.

In Indonesia, growth will

increase steadily, from 4.8% in 2015 to 5.5% in 2018, the report says, contingent on a pickup in public investment and the success of efforts to improve the investment climate and increase revenues.

In Malaysia, however, growth will fall, to 4.2% i n 2 0 1 6 f rom 5 % l a s t ye ar, b e c aus e of we a k global demand for oil and manufactured exports.

The World Bank expects China to continue its gradual transition to slower, but more sustainable, growth, from 6.7% this year to 6.5% in 2017 and 6.3% in 2018.

In the rest of the region, growth is projected to remain stable at 4.8% this year, and rise to 5% in 2017 and 5.1% in 2018.

Overall, developing East Asia is expected to grow at 5.8% in 2016 and 5.7% in 2017-2018.

The report notes, further: “The long-term challenge

Gov’t fails to sell GSIS Family Bank anew

BSP exec vows enhancement of derivatives framework

THE GOVERNMENT’S fresh attempt to sell the state-run GSIS Family Bank failed anew as no buyers pursued the bidding process, the head of the Philippine Deposit Insurance Corp. (PDIC) said.

PDIC President Cristina Q. Orbeta said the plan to sell the thrift bank, which is owned and controlled by the state pensioner Government Service Insurance System, did not push through as not one of at least six prospective buyers took the next step to rehabilitate the lender.

“Those who submitted letters of intent did not comply with the requirements,” Ms. fails/PAGE 9

THE Bangko Sentral ng Pilipinas (BSP) is now improving its derivatives framework to increase the capacity of the domestic financial system.

BSP Deputy Governor Nestor Espenilla Jr., in his speech during the Philippine Int e r n at i o n a l B a n k i n g Convention at Shang-ri La at the Fort in Taguig City Friday, said the central bank is continuously doing its best to help investors manage their risks.

He said the enhanced framework will be unveiled “soon enough” to be deployed this year and will include reforms in the over-the-

is to sustain growth and make it more inclusive, including by shrinking gaps in income and access to public services, especially in China; improving infrastructure across the rest of the region; reducing persistent child malnutrition; and harnessing the potential of technology to stimulate financial inclusion.”

However, the region still faces significant risks to growth, and countries need to take measures to reduce financial and fiscal vulnerabilities. Over the longer term, the report recommends that countries a d d re ss c onst r ai nt s to sustained and inclusive growth, including by filling infrastructure gaps, reducing malnutrition and promoting financial inclusion, the report said.

“Despite the favorable prospects, the region’s growth is subject to significant risks.

A sharp global financial

coufram (OTC) derivatives market, specifically on currency.

“Alt houg h t here are processes, the regulations are almost done so there will be an exclusion period and internal policies,” he said.

Derivatives are securities priced based on one or more underlying assets.

Espenilla said BSP officials are also enhancing rules on capital, leverage, short-term liquidity and systematically important banks to address impact of external developments on the domestic financial system.

Other measures lined up are the longer-term liquidity

tightening, a further slowdown in world growth or a faster-than-anticipated slowdown in China would test East Asia’s resilience,” said Sudhir Shetty, Chief Economist of the World Bank’s East Asia and Pacific Region.

“These uncertainties make it critical for policymakers to reduce financial and fiscal imbalances that have built up in recent years.”

F i n a l l y, t h e r e p o r t recommends that countries harness the potential of technology in transforming f i n an c i a l s e r v i c e s an d increasing financial inclusion. The region is technologically advanced, with a high level of mobile phone penetration, but lags in access to financial services. To reap the gains from financial innovation, countries will need to strengthen legal and regulatory frameworks and enhance consumer protection.

framework for net stable funding ratio, amendments to the market risk guidelines, the counterparty risk framework, an OTC derivatives approach that is coordinated with other countries, and specific focus on the management of intraday liquidity, he said.

Relatively, Espenilla said the Philippines, being a small open economy, is very prone to volatilities in the global financial system.

These volatilties are the main factor for the current weakness of the local currency, which is now trading at Php48-level against the greenback. bsp/PAGE 11

OROBANKERS DIRECTORIES CAGAYAN DE ORO CITY

A PUBLIC SERVICE BY:

AMANAH/ISLAMIC BANK V. Neri Street Carmen, Cdoc 858988/8587965 / 722274

METRO BANK- COGON Osmeña Hayes St. Cdoc | 726438/8572057

ASIA UNITED BANK Cor.Camp Alagar Road Lapasan, Cdoc 729678 / 8568893

METRO BANK- CARMEN Max Suniel St. Carmen, Cdoc 8581722/ 8585162

BDO – VELEZ Velez-Rn Abejuela Street, Cdoc 2314246/8572075

METRO BANK- LAPASAN CM Recto Lapasan HW, Cdoc 724461/8561721

BDO – SM G/F SM City, Master Son’s Avenue Upper Carmen Cdoc | 8592623/8592637

METRO BANK- OSMEÑA Brgy Osmeña St. Cdoc | 722014 /8800924

BDO – XU XU Lib. Annex Corrales St. Cdoc 8574108 / 8573796

METRO BANK- CORRALES Corrales Avenue, Cdoc | 8572635/728731

BDO – CDO HAYES Trendline Bldg.,Hayes Street, 8568151/727405

METRO BANK- GAISANO 8561720

BDO – COGON Sky hi Bldg JR Borja St. Cogon, Cdoc 8577963/ 725209/ 725203 BDO – OSMEÑA Osmeña corner Ramon Chavez St. Cdoc 724567/8563727 BDO – LAPASAN Lapasan Highway Cdoc 8563233 /8563234 / 725178 BDO – RN- PELAEZ George Town CyberMall Rn Pelaez Blvd Kauswagan Cdoc | 8562617/729052 BDO – CARMEN Maxsuniel cor.V Neri St. Carmen, .Cdoc 8584854 /8581133 BANK OF COMMERCE- VELEZ Akut- Velez St.Cdoc | 8564371 / 726880 BANK OF COMMERCE- LAPASAN

CM Recto Ave. Lapasan, Cdoc, 8563991/727731

BPI FAMILY SAVINGS BANK RER kauswagan,HW Cdoc 8573733 /722519 BPI FAMILY SAVINGS BANK Gaston Park Cdoc | 8801518 BPI – LAPASAN Cm Recto HW Lapasan Cdoc 724076/ 8524602 BPI- VELEZ Velez-JR Borja St.Cdoc 8564213/722406 BPI – CAPISTRANO Capistrano St. Cdoc 8574264/8574263 BPI- COGON Osmeña St. Cdoc 8571297/8571298 CHINA BANK –GAISANO 745887/745880 CHINA BANK- JR BORJA JR Borja St. Cdoc 8572212/8573274 CHINA BANK- LAPASAN CM Recto Lapasan HW Cdoc 8561325 /722240 CHINA BANK – CARMEN Max Suniel, Cor. Yakal St. Cdoc 8583903/723091 CHINA BANK – DIVISORIA RN Abejuela St. Divosoria Cdoc 8575759/722641 CITY SAVINGS BANK TS Fashion Ave.Justo Ramonal Corner St.Cdoc 2316060/ 2316059 CHINATRUST Suite U&5 G/LGateway Tower Lapasan Lkk Cdoc 8521846/8521844 D’ASIAN HILLS BANK HW. Lapasan Cdoc | 8564201/ 8564201 D’ASIAN HILLS BANK Vamenta Carmen Sts. Cdoc | 8585366 DBP – CORRALES Corrales Ave., St. Cdoc | 8572087/722649 DBP – CAPISTRANO JR Borja Capistrano St. Cdoc 8567776/722819

PLANTERS DEVELOPMENT BANK

Tiano Bros St. Cdoc | 727083 /727082 PHILTRUST BANK Ramonal OsmeñaSt. CDO 8807234/2316694/2316695 PNB- CORRALES Corrales Avenue Cdoc | 729500 / 729723

PNB- LKK MALL NORTH CONCOURSE

LKK Mall N.Concourse Cdoc 8574149/8575682

PNB- CARMEN Elipe Bldg.Carmen, Cdoc | 8583158/ 8584203 PNB- LKK LKK Lapasan, Cdoc | 8564347/722872 PNB CDO– DIVISORIA Tiano Bros.Cruz Taal St., Cdoc 722861 /722816 PNB CDO– LAPASAN LKK Center Lapasan, Cdoc | 8564732 / 723992 PNB CDO– COGON LKK Center Lapasan, Cdoc 8571991/ 723992 PHILIPPINE POSTAL SAVINGS BANK, INC. bels_domingo@yahoo.com.ph Rizal Chavez Cdoc 8572194/725438 PS BANK Velez Corner A. Mabini St., Cdoc 8574183/725184 PHILIPPINE VETERANS BANK Tiano-Abejuela St. Cdoc 722644/8573386 QUEEN CITY DEVELOPMENT BANK, INC. Sacred Heart Mont. Cm RectoAve., Cdoc 8562390 RCBC- VELEZ Velez-Borja St. Cdoc | 8564982/8568888 RCBC- COGON Simplex Bldg. Osmeña St. Cdoc 8562888/725863/8521329 RCBC- LAPASAN Cm. Recto Lapasan HW. Cdoc 8561888/722449 RCBC- LKK Gateway, Tower 1 LkkCenter, Cdoc 8563707/722449 RCBC SAVINGS- CARMEN Walingwaling St.,Carmen St. Cdoc 8585793/ 8586248 RCBC SAVINGS- VELEZ Velez St. Cdoc | 729083/8562460 RCBC SAVINGS- AGORA 8807891/8807892 RURAL BANK OF CABADBARAN, Inc.

#58 Tiano FernandezSt.CDO 727215/ 8563552 *805

SECURITY BANK- OSMEÑA Osmeña St. Cdoc | 8563965/ 723411/728774 SECURITY BANK- LKK Limketkai | 8801258/8801625

EAST WEST BANK #5 Juan Sia Bldg. Apolinar Velez St.Cdoc 8578801/720081

SECURITY BANK- VELEZ Velez Montalvan St., Cdoc | 728334/856632

EAST WEST BANK Cogon De Oro Constraction Bldg. LKK Drive 8500339/8500331

STERLING BANK OF ASIA Tiano Velez St. CDO | 8528171/8528168

ENTERPRISE BANK INC. Centro Mariano Bldg Osmeña St. Cdoc 723869/ 3093395 FIRST CONSOLIDATED BANK CM Recto Ave., Cor.Agudo Road Cdoc 8565360/2316678 LBP – CAPISTRANO Capsitrano St. Cdoc | 8565515/727678 LBP – VELEZ LunaVelez St. | 723549/8563198 LBP – PUERTO Puerto Cdoc | 8558858 MAYBANK JR Borja Tiano Cor. Bldg. Cdoc 8574439/726060 METRO BANK- DIVISORIA Pabayo Abejuela St. Divisoria Park, Cdoc 724783/8576999 METRO BANK- VELEZ A. Velez St. Cdoc | 8561724/726054

Pagpasundayag sa Sinaunang Baybayin held its successful two-show run at Rodelsa Hall last October 7, 2016.

PHOTO BY MARK FRANCISCO

PBCOM Tiano-HayesSt. Cdoc | 726519/8571558

METRO BANK- JR BORJA JR Borja St. Cdoc | 8572999/724415

UCPB BANK- LAPASAN Osmeña Corner Lkk Drive, Cdoc 85771842/ 725135 UCPB BANK- VELEZ Velez Corner C. Pacana St. CDO 8564474/8564527 UCPB BANK SAVINGS-CAPISTRANO

Capistrano Corner CruzTaal St. CDO 8524099/722695

UCPB BANK SAVINGS- OPOL Gf forever Books Bldg.Bulua National CDO 754519/8588063 UNION BANK Lapasan Cm.Recto Cdoc | 8566847/8563805 WEALTHBANK Velez Gomez St. Cdoc | 8568942/722174 1ST VALLEY BANK Vamenta Blvd. CornerLirio St. Carmen, Cdoc 8501871/ 8584146 OROBANKERS CLUB Inc. Pnb Carmen | 09151850242

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monday|october 10, 2016

CDO executive, legislative depts craft 2019 vision, agenda

C

A G AYA N D E ORO CIT Y -Wo w ! F o r t h e first time in my term, leaders from both the executive and legislative departments have met to plan for the 2019 goals of the Cagayan de Oro City government.

This is a historical

e v e n t ,” s a i d C D O Mayor Oscar S. Moreno at the recentlyc on c lu d e d E x e c ut i v e and Legislative Agenda (ELA) formulation workshop.

B o t h d e p a r t m e nt s e nv i s i on C a g ay an d e Oro as an “inclusive, green, and competitive” cit y — w here Kagay-

anons are empowered and informed; where the environment is childfriendly and ecologically b a l an c e d ; an d w h e re economy creates more livelihoods and jobs.

The said workshop was facilitated by the Governance and Leadership Institute (GLI) of Xavier

University.

“I wish Cagayan de Oro to be the ‘Prime City of the Upper Part o f M i n d a n a o ,’” s a i d More n o, h opi ng t h at t h e c it y c ou n c i l w i l l support and work with him in achieving this vision.

The formulation workshop allowed

participants to analyze issues and challenges and formulate goals on five key aspects: environmental, e c o n o m i c , infrastructure, institutional, and social.

Among the city councilors who participated in the workshop and presented their 3-year legislative agenda were George G o k i n g ( Wa y s a n d Means), Romeo Calizo (Police, Fire, and Public Safety), Ian Nacaya (Laws and Rules), Suzette Daba (Education), R eub en D ab a (S o ci a l Services), Enrico Salcedo (Cooperative), Lourdes Gaane (Health), Teodulfo Lao (Energy), Jay Pascual (Tourism, Sports, and Youth), Edna Dahino (Appropriation and Finance), and Annie

Daba (Agriculture).

C D O Vi c e M a y o r Jo aquin “Ki kang” Uy also joined in the said workshop. “ We t h a n k G L I director Dr. Dixon Yasay and Xavier University for this workshop,” said Engr. Jane J Docallos, director of the city interior and local government.

“This [workshop] is important for us because this will harmonize the agenda of both the executive and legislative departments of the city,” she added.

G L I ai ms t o bu i l d the capacities of local leaders and public departments in Northern Mindanao towards an efficient, sustainable, and inclusive leadership and governance. (Wilson J. Hormeguera/XU)

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monday|october 10, 2016

DepEd honors 10 outstanding teachers in ARMM MARAWI CITY, Lanao del Sur --- The Department of Education of the Aut on om o u s R e g i on i n Mu s l i m M i n d a n a o (DepEd-ARMM) honored 10 outstanding Bangsamoro teachers on October 5, in celebration of the 2016 World Teachers’ Day. D r. J o h n M a g n o , DepEd-ARMM secretary, s aid t he awards s er ve as recognition for the inva lu able s er vices of teachers in the learning and development processes of students in the region and to t he E du c at i on department itself.

Cit ing a stor y of a master te acher in t he region qualified for promotion as school principal, or district sup e r v i s or, but ch o s e to remain a classroom teacher, Dr. Magno noted he has high regards to the “unsung heroes” of the nation in reference to the teachers.

“Malaki ang respeto ko sa mga gurong ang iniisip ay ang kinabukasan ng kabataan at hindi ang kanilang pansariling interes,” Dr. Magno said.

Jaime Mendoza, Jr. of Parang National High School in Parang, Maguindanao was one of the awardees. He served as a classroom teacher for many years and is now the English department head in his school.

Mendoza said he is proud to be among the 10 outstanding teachers in the region. “I am much honored being named as an outstanding teacher of ARMM,” he said.

As of 2016, there are 29,992 public elementary, junior high school and senior high school teachers across the region.

The ARMM is composed of nine schools divisions namely, Maguindanao I and II, MarawiCity, Lanao Sur I and II, L amit an City, Basilan, Sulu, and Tawi-Tawi. Each schools division nominated three teachers for the award.

A total of 25 teacher qualifiers under went screenings that include panel interviews, written examinations, teaching d e m o n s t r at i o n a n d a review of qualifiers' pertinent documents.

The five winners in the elementary school category are Fridanovie Rabor of Datu Saililah Elementary School, Maguindanao I Division; Gideon Dable of Limpongo Elementary School, Maguindanao I Division; Susan Berganio of Nuro Central Elementary School, Maguindanao II Division; Maria Helena B arl ove nto of Ma lus o Central Elementar y School, Basilan Division; and R om el Pl and o of H j i . Yu n o s J u m d a i n Elementary School, TawiTawi Division.

Aside from Mendoza, the four other winners in the secondary school categor y are Asnawi Rakiin of Datu Mamintal Ad i on g Nat i on a l Hi g h School, Lanao Sur I Division; Primo Sanosa, Jr. of Malabang National High School, Lanao Sur II Division; Melba Abdulla of Maluso National Hi g h S c h o o l , B a s i l a n Division; and Grace Ann Pang amb ay an of Su lu NationalHigh School, Sulu Division.

The winners were conferred with plaques a n d c a s h pr i z e s . T h e regional celebration has the theme “Guro Kabalikat s a Pa g b a b a g o.” ( B P I ARMM/PIA-10)

Fails... from page 7

Orbeta said in an interview last week.

In May, the B ang ko Sentral ng Pilipinas (BSP) formally halted the operations of GSIS Family Bank and assigned PDIC as receiver, who assumed the bank’s assets and liabilities.

GSIS, which owns a 99.6% stake, tried selling its thrift banking unit three times in 2015, but all attempts failed.

Back then, GSIS President and General Manager Robert G. Vergara said the bank needed a strategic investor more than being under the supervision of pension fund managers.

Authorities put a floor price of P501 million during last year’s auctions, and required that the remaining 0.5% of GSIS Family Bank owned by private stockholders -- represented by the heirs of former Cavite Rep. Renato P. Dragon (2nd district) -- be sold to the same buyer under a separate transaction.

The PDIC asked interested investors to submit letters of intent to invest in the thrift bank by July 20, which was to be followed by the posting of a P5-million bond

by Aug. 1. However, those who expressed intent to rehabilitate the bank did not carry on with the procedure.

Banks and non-bank firms have been allowed to bid for the thrift lender, subject to pre-qualification criteria set by the PDIC. These include a minimum capital adequacy ratio (CAR) for banks of 12% before the acquisition, as well as the capacity to infuse the necessary capital to ensure that the 12% CAR requirement is complied with if it will fall below the cap after acquiring GSIS Family Bank.

Int e re s t e d i nve s t orbanks must also be clear of unsafe and unsound banking practices and are not under the Prompt Corrective Action framework of the BSP. In the case of foreign banks, these must be authorized to operate as a bank in the Philippines, PDIC said.

Meanwhile, investors which are non-bank corporations must be authorized to do business

REPUBLIC OF THE PHILIPPINES REGIONAL TRIAL COURT OF LANAO DEL SUR 12th JUDICIAL REGION Hall of Justice, Marawi City OFFICE OF THE EXECUTIVE JUDGE CAGAYAN DE ORO MAIN BRANCH P & J Lim Bldg., Tiano Brothers Kalambagohan Sts., Tel. # (08822) 727-829 * Telefax # (088) 856-1947 CAMIGUIN BRANCH B. Aranas St., Poblacion, Mambajao, Camiguin Tel. # (088) 387-0491 CORRALES BRANCH Corrales Ave., Cagayan de Oro City DIVISORIA BRANCH Atty. Erasmo B. Damasing Bldg., #61 Don A. Velez St., Cagayan de Oro City Tel. # (088) 857-3631 LAPASAN BRANCH Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739 CARMEN BRANCH Vamenta Blvd., Cagayan de Oro City Tel. # (088) 231-2011

IN RE: PETITION FOR NOTARIAL COMMISION NOT. COM. 423-16 FOR THE PROVINCE OF LANAO DEL SUR AND MARAWI CITY ATTY. FARHANISAH D. COMACASAR X----------------------------------------------/

CDO MAIN BRANCH DIVISORIA BRANCH NOTICE OF SUMMARY HEARING P & J Lim Bldg., Tiano Brothers Atty. Erasmo B. Damasing Bldg., Kalambagohan Notice is hereby Sts., given that a summary #61 Donhearing A. Velezon St.,the Petition for Notarial Commission in the City of Marawi and Province Tel. # (08822) 727-829 * Cagayan de Oro City of Lanao Del Sur of Atty. Farhanisah D. Comacasar, shall be held on October 20, Telefax # (088) 856-1947 # (088) 857-3631 2016, 8:30 o’clock in the morning at Tel. RTC-Branch 10, Marawi City. Any

person who has cause or reason to object to the grant of the petition CAMIGUIN BRANCH LAPASAN BRANCH may file a verified written opposition thereto, received by the undersigned Executive before the scheduled dateHi-way, of the summary hearing.

B. Aranas Judge, St., Poblacion, Lapasan

Mambajao, Camiguin Cagayan de Oro City Marawi City, Philippines, this 8th day of September, 2016.

Tel. # (088) 387-0491 Tel. # (088) 231-6739

CORRALES BRANCH

Corrales Ave., Cagayan de Oro City

BWM: October 3, 10 & 17, 2106

CARMEN BRANCH (Sgd.) WENIDA B.M. PAPANDAYAN Presiding Judge Vamenta Blvd.,Cagayan de Oro City Tel. # (088) 231-2011

in the Philippines, profitable for the last three years of operation and compliant with the foreign ownership limit in a bank under the General Banking Law. They should also have capital of at least P2 billion or adequate to meet the capital requirement for the rehabilitation of GSIS

Family Bank.

GSIS Family Bank runs 22 units across the country, with total deposits of P974.81 million held across 14,507 bank accounts.

The bank operates seven branches in Metro Manila, one in Bulacan, two in Laguna, and 11 in Cavite, and

EXTRA-JUDICIAL SETTLEMENT OF THE ESTATE OF THE DECEASED ROMUALDO S. LAGSA KNOW ALL MEN BY THESE PRESENTS: This EXTRA-JUDICIAL SETTLEMENT made and executed by and among the HEIRS OF ROMUALDO D. LAGSA, namely: NORMA D. LAGSA, a legal age.

Filipino, widow, and resident of Cagayan de Oro City, and the surviving wife of the deceased, ROUMEL LAGSA, a legal age, Filipino, married, and resident of Cagayan de Oro City, and the surviving son of the deceased, YOLETTE LAGSA CAPALLA, of legal age, Filipino, married, and resident of Cagayan de Oro City, ROMALYN LAGSA COO, of legal age, Filipino, married, and resident of Cagayan de Oro City, SHERIDAN LAGSA NAMOC, a legal age, Filipino, married, and resident of Cagayan de Oro City, ROMULO JOHN LAGSA, a legal age, Filipino, married, and resident of Cagayan de Oro City, and the surviving son of the deceased, ROLLY JAMES LAGSA, of legal age, Filipino, single, and resident of Cagayan de Oro City, and the surviving son of the deceased, ROCKY MARC LAGSA, a minor and the surviving illegitimate son of the deceased, herein assisted by his mother MARIZEL BANGHULOT TIMPAD, of legal age, Filipino, and resident of Block 4, Lot 13, Morning Mist Village, Pueblo de Oro, Upper Carmen, Cagayan de Oro City,

WITNESSETH; That the above-named parties, all of legal age, are the legitimate wife/children (except the minor/ illegitimate child ROCKY MARC LAGSA) and the sole/compulsory/surviving heirs of the deceased ROMUALDO S. LAGSA who died on JANUARY 26, 2014 in Cagayan de Oro City; That the deceased, ROMUALDO S. LAGSA at the time of his death left the following conjugal real properties together with his wife NORMA D. LAGSA, to wit: 1.OTC NO. 0-1052/ (TAX DEC. NO. G-208540)

Cadastral Lot. No. 3134 C-5

Assesor’s Lot. No. 068

Area: 1.0000 hectares 2.TAX DECLARATION NO. G-084904

Cadastral Lot. No. 6510 C-4

Assesor’s Lot No. 023

Area: 567 sq. m.

3. TRANSFER CERTIFICATE OF TITLE NO. T-204311

(TAX DECLARATION NO. G-223443)

Cadastral Lot. No. 3804 C-5

Assesor’s Lot. No. 006

Area: 200 sq. m.

4. TRANSFER CERTIFICATE OF TITLE

NO. T-48541

(TAX DECLARATION NO. G-267782)

Cadastral Lot. No. 461 C-1

Assesor’s Lot. No. 058

Area: 55 sq. m.

5. TRANSFER CERTIFICATE OF TITLE NO. T-161035

(TAX DECLARATION NO. G-109949)

Cadastral Lot. No. 3865 C-5

Assesor’s Lot. No. 134

Area: 999 sq. m.

6. TRANSFER CERTIFICATE OF TITLE

NO. T-147502

(TAX DECLARATION NO. G-060365) Cadastral Lot. No. 2052 Assesor’s Lot. No. 118 Area: 64 sq. m.

7. TRANSFER CERTIFICATE OF TITLE NO. T-152653

(TAX DECLARATION NO. G-055156)

Cadastral Lot. No. 2908

Assesor’s Lot. No. 265

Area: 109 sq. m.

8. . TRANSFER CERTIFICATE OF TITLE NO. T-152652

(TAX DECLARATION NO. G-055152)

Cadastral Lot. No. 2904

Assesor’s Lot. No. 261

Area: 35 sq. m.

9. . TRANSFER CERTIFICATE OF TITLE NO. G-110769

Cadastral Lot. No. 3865 C-5

Assesor’s Lot. No. 580

Area: 150 sq. m.

10. . TRANSFER CERTIFICATE OF TITLE NO. G-110768

Cadastral Lot. No. 3865 C-5

Assesor’s Lot. No. 580

Area: 150 sq. m.

11. . TRANSFER CERTIFICATE OF TITLE NO. 02-008698

Cadastral Lot. No. 0

Assesor’s Lot. No. 9361 – B

Area: 233 sq. m.

12. . TRANSFER CERTIFICATE OF TITLE NO.

9

is headed by bank President Emmanuel L. Benitez and Chairman Geraldine Marie Berberabe-Martinez.

PDIC will be accepting deposit insurance claims from the depositors of the shuttered bank until May 14, 2018, with an estimated P748.8-million coverage.

G-098436

Cadastral Lot. No. 4342 C-4

Assesor’s Lot. No. 158

Area: 300 sq. m.

13. . TRANSFER CERTIFICATE OF TITLE NO. T-2079

(TAX DECLARATION NO. G-084907)

Cadastral Lot. No. 6510 C-4

Assesor’s Lot. No. 026

Area: 500 sq. m.

14. . TRANSFER CERTIFICATE OF TITLE NO. T-133118

(TAX DECLARATION NO. G-000941)

Cadastral Lot. No. 461 C-5

Assesor’s Lot. No. 016

Area: 16 sq. m.

15. . TRANSFER CERTIFICATE OF TITLE NO.

G- 155632

Cadastral Lot. No. 6008 C-5

Assesor’s Lot. No. 050

Area: 120 sq. m.

16. . TRANSFER CERTIFICATE OF TITLE NO. T-36646

(TAX DECLARATION NO. G-174674)

Cadastral Lot. No. 20526

Assesor’s Lot. No. 013

Area: 3.9691 hectares 17. . TRANSFER CERTIFICATE OF TITLE NO. T-52928

(TAX DECLARATION NO. G-174604)

Cadastral Lot. No. 20518

Assesor’s Lot. No. 030

Area: 1.1282 hectares 18. . TRANSFER CERTIFICATE OF TITLE NO. T-172496

(TAX DECLARATION NO. G-116337)

Cadastral Lot. No. 3071 C-5

Assesor’s Lot. No. 122

Area: 120 sq. m.

19. . TRANSFER CERTIFICATE OF TITLE NO. T-39798

(TAX DECLARATION NO. G-093061)

Cadastral Lot. No. 1384 C-4

Assesor’s Lot. No. 138

Area: 94 sq. m.

20. TRANSFER CERTIFICATE OF TITLE NO. G-174605

(Building only)

Cadastral Lot. No. 20518

Assesor’s Lot. No. 030

Area: _______ 21. TRANSFER CERTIFICATE OF TITLE NO. G-268508

(Building only)

Cadastral Lot. No. 461

Assesor’s Lot. No. 058

Area: ________ 22. . TRANSFER CERTIFICATE OF TITLE NO. G-237011

(Building only)

Cadastral Lot. No. 3071

Assesor’s Lot. No. 122

Area: ________ 23. TRANSFER CERTIFICATE OF TITLE NO. G-175351

Cadastral Lot. No. 20544

Assesor’s Lot. No. 018

Area: ________ 24. TRANSFER CERTIFICATE OF TITLE NO. G-093021

Cadastral Lot. No. 1408 C-4

Assesor’s Lot. No. 106

Area: ________ 25. TRANSFER CERTIFICATE OF TITLE NO. G-291049

(Rem. Portion, Lot Desc. Lot 3865-B of

the S.P. CSD-10-000987)

Lot No. 24725-D, Psd-10-059399

Portion of Lot: 24725, Cad-237, Cagayan Cadastre

Area: 539 sq. m.

26. TRANSFER CERTIFICATE OF TITLE NO. T-207078

(TAX DECLARATION NO. G-291048)

Cadastral Lot. No. ______

Assesor’s Lot. No._______

Area: 261 sq. m.

27. TAX DECLARATION NO. 0813000701491

Cadastral Lot. No. ______

Assesor’s Lot. No._______

Area: 280 sq. m.

28. . TAX DECLARATION NO. 08-11-0003-02584

Cadastral Lot. No. ______

Assesor’s Lot. No._______

Area: 200 sq. m.

Under the Notary Public of ATTY. MARIO T. JUNI, per Doc. No. 495; Page No. 99; Book No. 187; Series of 2015.

BWM: October 3, 10 & 17, 2016

10

Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

monday|october 10, 2016

11

Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

monday|october 10, 2016

Approach... from page 1

Alonto said.

The f irst proj e c t to be constructed under the program will be the Bukidnon to Agusan del Norte Road, resulting to an estimated 42-kilometer road connectivity between Regions 10 and 13.

A similar east-west lateral road connecting Agusan del Sur to Bukidnon with a total length of more than 125 kilometers is also up for completion, Mr. Alonto reported.

“These projects are seen to significantly cut travel cost and time between Regions 10 and Caraga,” he said.

Also up for completion is t he P u nt i an - Ar a k an Road, connecting Northern Mindanao and Zamboanga Region. This particular project has an allotted budget of P935 million.

Oro B est Expo 2016 is a yearly event of the 300-member Oro Chamber aimed to address the concerns of the region’s micro, small and medium enterprises on networking, market development, policy advocacy for entrepreneurship and most importantly, the growth and sustainability of chamber member companies. There were 48 exhibitors in this year’s edition of the exhibit.

What is unique in this year’s setup is the entry of the best of talents the region is offering. Thus, the 9th Mindanao Master latte and flairtending competition was embedded in Oro Best 2016 at Centrio as well as a concert by the newly-proclaimed DOT 10 Singing Ambassadors.

DOE... from page 1

mostly in Mindanao pose the greatest challenge because they are the farthest and cannot be cost-efficiently connected to the grid,” Cusi said during the 4th European Union-Philippines Energy Meeting held Friday at Shangrila Hotel in Makati City.

Cusi assured availability and accessibility of energy to those who need it.

With the theme “Electricity for a Better Life,” the EU-DOE discussed energy goals, particularly in maximizing renewable energy towards achieving 90 percent household electrification and how to improve energy.

Last year, the EU has allocated Php 3 billion grant for the Access to Sustainable Energy Program (ASEP), which supports the Department of Energy’s electrification target through policy reforms, supporting ex ist ing el e c t r if ic at ion programs and the deployment of renewable energy technologies and innovative energy solutions for the poor.

The ASEP program aims to provide clean energy solutions to 100,000 households or roughly 500,000 people; add 20 megawatts of additional renewable energy projects; and improve energy efficiency and generate savings of greenhouse gas emissions

equivalent to a power plant of 50 megawatts.

EU Ambassador to the Philippines Franz Jessen said with a total of nearly Php 6 billion of cooperation budget still available for energy cooperation, “the EU stands ready to explore how we could put energy efficiency first in a next phase of cooperation.”

(PNA)

Ban...

from page 1

“The lifting of the ban on banana and pineapple exports will come as a big relief to the agriculture sector which registered a negative performance of .4 percent in the first quarter of 2016,” said Agriculture Secretary Emmanuel Piñol.

During his recent courtesy call at the DA, Chinese Ambassador Zhao Jianhua indicated his country’s intent to increase the volume of bananas, pineapples and other agricultural products that it is importing from the Philippines.

Piñol said China would also be opening up its market to other high value commercial crops like mangoes, coconut and dragon fruit, high-end fisheries products such as Lapu-Lapu, crabs, shrimps, prawns and tuna and bangus.

“Philippine agriculture products would soon be sold in major cities in China, a move which is expected to boost the growth of Philippine agriculture,” he added.

Energy... from page 1

and P310 million in transport fuel from September 2005 to December 2015.

The substantial savings went along with the spot checks that DOE conducted in 814 government agencies by virtue of Presidential Is s u a n c e s p a r t i c u l a r l y Administrative Order Nos. 103, 110-A and 126 generally aimed at “addressing the volatile world oil prices through adherence to the government’s energy management/conservation program”.

The national government through DOE has pursued its thrust to conserve and e f f i c i e nt l y u s e e n e r g y through GEMP which aims “to stimulate awareness on efficient and judicious use of energy to reduce government expenditure on both fuel and electricity,” Ranque said.

“The program requires all government offices to reduce their electricity and fuel consumption by 10%,” he revealed.

Ranque viewed energy efficiency and conservation as “password” that enabled the country to pass through the power crisis but he said “brownouts are possible to go back if we do not start saving electricity now”.

He called on government employees to support and get involved with efforts to sustain efficiency and conser vation of energ y dubbed as “EC Energ y” which DOE hopes to result in economic competitiveness and environmental protection.

To drum up community campaign on energy efficiency and conservation, DOE in tie up with the Philippine Information Agency (PIA), rolls out series of seminars dubbed as Power Patrol.

In Davao City, DOE and PIA conducted in the morning of October 4 the Power Patrol on Energy Efficiency and Conservation for Households participated by barangay officials and purok leaders at the Almendras Gym. In the afternoon on the same day, the two agencies held the Power Patrol on E n e rg y E f f i c i e n c y an d Conservation for Schools at Davao City National High School with students in grades 7 and 10 together with their teachers.

This morning, representatives from various local and national government agencies joined the Power Patrol on Government Energy Management Program.

Another round of Power Patrol on GEMP will be c o n d u c t e d t o m o r r o w, October 6 with stakeholders from the industrial and the commercial sectors, and another cycle of Power Patrol on Energy Efficiency and Conservation for Schools will be held at the Daniel Aguinaldo National High School. (PIA 11, Jeanevive Duron Abangan)

Globe...

from page 4

from page 7 The peso has depreciated by about four percent to date but Espenilla said this should be expected given the BSP’s market-determined foreign exchange rate policy.

He said the BSP’s exchange rate policy is “no longer a oneway bet because this is also bad from a risk management standpoint.”

“If it is a one-way bet then people will just do nothing but speculate and potentially create financial bubbles,” he added. (PNA)

Hurst...

to take full charge so He can start changing your life. Then with His power and help you can start living His way every day. Jesus will even take all the bad things from your past and start mixing them together so that in the end they can actually benefit you.

Then instead of being guilty and ruined by those things anymore, you’ll thank God for forgiving you and using those lessons to change you into a much better, happier person.

Just Think a Minute …

from page 5

D ata Sharing to f ami ly and other d e v i c es D at a Shar ing on t he Glob e myL ifest y le pl an allows sharing of one d at a pl an among fami ly members or across a us er’s var ious de v ices – a l l w it hin one p ostp aid account. Wit h t his ne w feature, customers need not worry about draining their batteries from using t heir phone’s hotsp ot to share d at a w it h ot hers.

The new feature also gets a plu s for c onve n i e n c e of getting ever ything in one bill, as well as g re at va lue for mone y – eliminating the need for e x t r a p o stp ai d l i ne s or s ep arate d at a pl ans for other devices. Sharing can be done to either NEW lines or EXISTING myLifestyle Plans within t he s ame account, for a minimum charge of P100 Share Fe e p er share p er mont h.

To avail of either of the latest features, customers should enroll to GoSURF Share & Rollover by calling 730-1000 or visiting the nearest Globe store to make the changes in t he account.

BSP...

Republic of the Philippines Department of Transportation LAND TRANSPORTATION FRANCHISING & REGULATORY BOARD Region X, Apovel, Bulua, Cagayan de Oro City

NOTICE OF VACANT POSITION The Office of the Land Transportation Franchising and Regulatory BoardRegional Office No. 10, Apovel, Bulua, Cagayan de Oro City, urgently needs a qualified applicant to the following position/s, to wit: 1. ADMINISTRATIVE OFFICER IV (Budget Officer) Education : Experience : Eligibility :

Bachelor’s degree relevant to the job 2 years relevant experience Career Service (Professional) Second Level Eligibility

Duties and Responsibilities: Under direct supervision, in charge in the preparation and review of annual or specials budgets of the Agency; prepares and consolidates supporting justifications and explanations for budget proposals of the Agency; prepares necessary budget data (reports) and related statement for management or of the Department of Budget; identifies area of work responsibility and give assignment subordinates and reviews their finished work or outputs; performs other duties that may be assigned by the Division Head and the Regional Director.

Interested applicants may apply in person or submit their letter of intent and resumé to Mr. CASAN M. TANANDATO, Chairman-Promotion and Selection Board, at the LTFRB-Regional Office No. 10, Apovel, Bulua, Cagayan de Oro City.

Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL SUR 12th Judicial Region BRANCH 10 Hall of Justice, Marawi City JEANA MONTERROYO GOESCHEL, Representing her minor child COURTNEY KYLE ALMANZOR MONTERROYO,

Petitioner, SPL. PROC. NO. 2409-16 -versusLOCAL CIVIL REGISTRY OF ISLAMIC CITY OF MARAWI, and all persons claiming Rights under it,

Respondents. x-----------------------------------------------------x ORDER Before this court is verified petition for correction of entry in the Certificate of Live Birth of Courtney Kyle Monterroyo Goeschel, dated September 13, 2016 and which reads in part: 1. Petitioner is of legal age, Filipino, married and a resident of No.16, Kasoy Street, North Sginal Village, Taguig City where she may be served with summons and other processes by the Honorable Court thru the undersigned counsel; 2. That Respondent Civil Registry of Islamic City of Marawi is a government instrumentality which is impleaded in the action for the purpose that there may be complete relief granted to Petitioner. Its office is located at Guro Building, Perez Street, Marawi City; 3. Petitioner is the biological mother of minor child Courtney Kyle Almanzor Monterroyo; 4. Her minor child, Courtney Kyle Almanzor Monterroyo was born on January 2, 2009 at Cabil-isan, Maravilla, Palanas, Masbate, to parent, Jeana Almansor Monterroyo, the father being unknown, as evidenced by her Certificate of Live Birth issued by the National Statistics Office, hereto attached and marked as Annex “A”; 5. Her relatives, being unlearned and ignorant, did not know that the attending midwife submitted the Certificate of Live Birth of said minor child at the Civil Registrar of Palanas, Masbate, which in turn, submitted it to the National Statistics Office (NSO); 6. On January 6, 2014 or more than five (5) years after the birth of Courtney Kyle, her relative Mariam Dimasanca, ignorant of the fact that the birth of her minor child was already registered with the Civil Registry of Palanas, Masbate, caused a late registration of the birth of her child with the Civil Registrar of Islamic City of Marawi, Lanao del Sur, copy of which is hereto attached and marked as Annex “B”; 7. In order therefore, to avoid confusion as to the correct place of birth of Courtney Kyle Almanzor Monterroyo and as to the correct name, as well as to make the record truthful, it is but proper to cancel the late registration of the birth of Courtney Kyle Almanzor Monterroyo with the Office of City Civil Registrar of Islamic City of Marawi, Lanao del Sur; Finding the aforesaid petition to be sufficient in form and substance, it is hereby ordered that the same be set for hearing before this Court on November 9, 2016 at 8:30 o’clock in the morning.

Let a copy of this Order be published at the expenses of the petitioner in a newspaper of general circulation in Lanao del Sur or Marawi City and Palanas Masbate for three (3) consecutive weeks; The Local Civil Registrar of Islamic City of Marawi and Civil Registrar General, or any person or party who has an interest in the petition, may file his/her opposition thereto within fifteen (15) days from notice of this Petition or from the last day of publication of this Order.

Further, let this Order be posted for fifteen (15) days prior to the date of hearing in the Bulletin Board of the Local Civil Registrar of Islamic City of Marawi or Palanas, Masbate and the Bulletin Board of this Court, also at the expenses of the petitioner.

The Petitioner is directed to notify this Court of the publication of this Order not later than three (3) days before November 9, 2016.

Furnish copies of this order together with the copies of the petition to the Local Civil Registrar of Islamic City of Marawi, the Hon. Solicitor General, Makati City and the Hon. Civil Registrar General, Philippine Statistics Authority (PSA), Santa Mesa, Manila.

SO ORDERED.

Marawi City, Philippines, September 20, 2016.

Approved for publication:

AMINODEN D. GURO OIC-Regional Director

(Sgd.) WENIDA B.M. PAPANDAYAN Presiding Judge

BWM: October 3, 10 & 17, 2016

BusinessWeek Main Store: Prawn House Suites and Restaurant Regatta Square, Pueblo de Oro, Cagayan de Oro City Contact Numbers: 0915-959-4837 (Mobile) & 851-9014 (Landline)

First Branch: Prawn House Seafood’s and Restaurant Opol, Misamis Oriental Contact Number at 0975-381-4929 (Mobile)

Second Branch: Prawn House Seafood’s and Restaurant Centrio - Ayala Mall, CM Recto Avenue, Cagayan de Oro City Contact Numbers at 0917-367-0337 (Mobile) & (088) 323-6225 (Landline)

MINDANAO www.businessweekmindanao.com

Third Branch: Prawn House Seafood’s and Restaurant Sayre Highway, Hagkol, Valencia City, Bukidon Contact Number at 0995-672-0181

feature

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Monday | October 10, 2016

Prawn House Seafood Restaurant “The Best Seafood Restaurant in the Metropolis”

I

By Joe P. Palabao

n Metropolis Cagayan de Oro when you crave for the best taste of prawns and other delectable seafood cuisines come and dine at the Prawn House Seafood Restaurant. The best seafood restaurant is situated at Prawn House Suites and Restaurant, Regatta Square their main restaurant at Pueblo de Oro, Prawn House Seafood’s Restaurant at Centrio – Ayala Mall, Cagayan de Oro City. When we go West of the MetropolisPrawn House Seafood’s Restaurant is strategically situated at the scenic view of Opol, Misamis Oriental and when in Bukidnon the best prawn house seafood restaurant is located at Sayre Highway, Hagkol, Valencia City.

Kagay-anons, the foreign , domestic and local tourists, businessmen, families and lovers always find a way to come and dine at the Prawn House Suites and Restaurant at Regatta Square, Opol,

and in Centrio-Ayala Mall.

They serve mouth -watering delectable gourmet seafood ranging from Prawn Chili Sauce, Prawn Chili, Prawn Barbecue, Sauce, Prawn Garlic Fry, Crab Sweet Garlic Butter, Steam Crab With Garlic, Tempura, and Thermidor. When you want for more servings try their Crab Steamed Plain with Lemon Butter Crab, Steam Lapu-lapu, Baked Scallop, Crispy Pata and Lapulapu with Chili. These are the best seafoods treat they offer to satisfy the customers gourmet cravings for seafood cuisine.

At a Glance- Prawn House Suites and Restaurant is owned by Prescillano ‘Dodong’ Malalis. Since it opened in 2011, it has gained remarkable charm and has drawn number of customers patronizing the suites for a luxurious stay, best accommodation services and enjoy the seafood served at the restaurant.

By then it has enticed many customers and by word of mouth has gained more customers and enjoy food and suites amenities.

October 28, 2014, due to its remarkable success of drawing customers, Dodong Malalis established in Opol, Misamis Oriental and highlighted the business name as Prawn House Seafood Restaurant. Due to its best seafood cuisine, satisfied customers keep on coming back and bring in more customers to the known restaurant. In fact, it is now considered as the best seafood restaurant in the Metropolis and in the Region.

June 15, 2015, with luck at his side opened another branch of Prawn House Seafood Restaurant for the ABC Market at the CentrioAyala Mall. It made a hit and is always full on peak mall hours where diners always long for the best seafood in the Metropolis.

With strong faith and determination in

his growing restaurant business took another leap and opened another branch at Sayre Highway, Hagkol, Valencia City, Bukidnon. Indeed Prawn House Suites and Restaurant made a leap in the restaurant industry of Mindanao starting from its humble beginnings. As its history tells, Prawn House Restaurant has now four known restaurants that satisfy every customer who craves for prawns and other delightful seafood cuisine.

September 19, 2015 PRAWN HOUSE SUITES & RESTAURANT received a very distinguished award from Golden Globe Annual Awards for Business Excellence as Best Seafood Specialty Award.

The Golden Globe Awards (GGAABE) is an annual recognition that searches for companies and brands that exhibit innovative business practices, delivery quality products and services, epitomize customers concern and engagement, exemplify a reputable and ethical

business image, display excellent value proposition and pricing, and serve truthfulness in business management.

The award was received by Prawn House

Suites & Restaurant at the Manila Hotel Centennial A Grand Ballroom, One Rizal Park , Manila City, Philippines.